Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) — Stock Correlations & Overview
Over the past year, GSEE has moved most closely with GEM, EDC, EEM. Explore the stocks most correlated and inversely correlated with GSEE below, along with its price, financials, and company profile.
Stocks correlated with GSEE
Correlation of daily returns. Higher positive values move with GSEE; negative values move opposite it. Informational only, not investment advice.
Most correlated with GSEE
| Symbol | Company | Correlation |
|---|---|---|
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 0.98 |
| EDC | Direxion Daily MSCI Emerging Markets Bull 3X ETF | 0.98 |
| EEM | iShares MSCI Emerging Markets ETF | 0.98 |
| AAXJ | iShares MSCI All Country Asia ex Japan ETF | 0.98 |
| DFAE | Dimensional Emerging Core Equity Market ETF | 0.98 |
Frequently asked questions about GSEE correlations
- Which stocks are most correlated with GSEE?
- Based on one year of daily returns, the stocks most correlated with Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) are GEM (0.98), EDC (0.98) and EEM (0.98). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GSEE?
- Over the past year, the stocks most inversely correlated with Goldman Sachs MarketBeta Emerging Markets Equity ETF (GSEE) are EDZ (-0.98), EEV (-0.98) and EUM (-0.97). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GSEE correlations calculated?
- We compute the correlation of daily returns between GSEE and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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